Chicago O’Hare International Airport’s (ORD) $8.4 billion terminal modernization program will bring much-needed improvements and expansion to the busy airport, but the overhaul will come at a significant day-to-day cost, Moody’s Investors Service warned. Moody’s said the debt expected to be incurred from the expansion project—which includes gates, security checkpoints and a new international terminal—will drive airline costs up high enough to put some ...

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